TaxConnex

APRIL 27, 2021

Sales tax obligations are getting more complicated for businesses of all industries. In this blog, we’ll talk to some of the common missteps businesses make when trying to manage sales tax on their own. Figuring out where you have nexus is key to determining your sales tax liability.

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Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Your success lies in solid financial and legal foundations to weather storms – real or metaphorical. Your primary residence is usually exempt.

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ThomsonReuters

JULY 25, 2023

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be.

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Xero

AUGUST 7, 2023

This year, you can expect to see 80+ exhibitors at the event, including more than 70 leading Xero App Store app partners. Whether you’re looking for tools to chase invoice payments, simplify tax compliance, or make job management easier, you’ll find plenty of solutions to help solve those key business challenges.

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ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. It is not only time-consuming, but also takes lots of resources as the process can take from a few weeks to several months. What is a sales tax audit?

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Mark Lee

OCTOBER 31, 2023

You’re not alone if you’re fed up of hearing commentators, software vendors and app developers tell you what your clients are thinking. I’m not in practice any more and I’m certainly fed up of hearing this nonsense – as what they are saying makes no sense when they talk about your current clients. Not that they know of course.

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ThomsonReuters

SEPTEMBER 8, 2023

Choosing the right business structure for entrepreneurs Business owners can structure their companies in several different ways , depending on the size of the business, its growth potential, how the business is managed, how the owners want to be taxed, and many other variables. Which is better: a C corp, S corp, or LLC?

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Inform Accounting

JUNE 20, 2022

HMRC have issued guidance for VAT-registered businesses and their agents on how to avoid penalties for non-compliance with the Making Tax Digital for VAT (MTD) rules. In particular, there is a new £400 per return penalty if you file a return but do not use functional compatible software. receive information from HMRC.

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Acterys

FEBRUARY 22, 2023

Luckily, the board of directors and C-level executives can rely on the expertise of FP&A professionals. These reports are then used by executives, managers, and other stakeholders for operational and strategic reasons. These reports are then used by executives, managers, and other stakeholders for operational and strategic reasons.

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financial statements accounting and finance Sales Finance 130

ThomsonReuters

MAY 27, 2022

For those with small supply chains, keeping up with the changes may be nothing more than a manageable headache. But for those operating in a complex network of manufacturers, logistics partners, distributors, raw goods suppliers, and sales channels, remaining compliant carries tremendous burden and risk.

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Xero

JULY 26, 2022

Accountants and bookkeepers can help businesses be more sustainable. These are all-round assessments of a client’s operations to identify opportunities to improve, whether that’s energy suppliers or consumables (for example, cups, printing or catering). It’s time to take a breath and reflect on an awesome event. .

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ThomsonReuters

MAY 6, 2022

For small and mid-sized tax and accounting firms, there are plenty of ways to do so. Whether you want to increase overall sales and revenue, decrease expenses, or a bit of both, 8 strategies to increase profitability are explored below. 8 ways small and mid-sized accounting firms can increase profitability.

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ThomsonReuters

NOVEMBER 15, 2021

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. For all too many managers, their days are filled with the stress of keeping pace with various changes in the indirect tax space. And in the U.S.,

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ThomsonReuters

DECEMBER 14, 2022

Though an automated tax engine will ultimately improve a company’s overall operations, a successful implementation process does place certain demands on a company’s personnel, some of which can be challenging if not addressed properly. Choice of software is imperative, however. How to integrate with other technologies.

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ThomsonReuters

OCTOBER 12, 2023

Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. To support this effort, forward-thinking accounting firms are increasingly using tax preparation software and scan-and-populate solutions to tackle the challenges of foreign income reporting.

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ThomsonReuters

DECEMBER 13, 2021

For indirect tax teams, the question of whether and when to invest in more tax technology often looms large, depending on the size of the organization and the immediate challenges facing the department. So when is the right time to invest in indirect tax automation ? Get ahead of indirect tax problems.

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xendoo

DECEMBER 15, 2021

Increasing sales and gaining new customers is one part of the equation. With so many obligations resting on the business owner’s shoulders, it can feel like there are not enough hours in the day to accomplish every task, and eventually the books may fall behind. . Reliability in Your Opening Balance. It is a vicious cycle.

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Ryan Lazanis

JULY 11, 2023

Do you want to attract top-tier talent for your staff accountant position? One of the things you must have is a compelling and comprehensive staff accountant job description that showcases what you can offer. Considering these rankings, it becomes imperative to invest additional effort in your recruitment process.

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CPA Practice

MARCH 21, 2024

Property tax compliance can be just as puzzling, and getting it right in some states can be more complex than in others. This blog post sheds light on what makes personal property tax compliance in certain states particularly tricky. States have different fiscal years, which can impact due dates.

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ThomsonReuters

APRIL 11, 2024

From a shrinking labor pool to ever-changing tax regulations to increased client demands, many accounting firms are dealing with high turnover and burnout amongst their staff members. The dawn of AI has the potential to revolutionize the tax and accounting profession by enhancing efficiency, accuracy, and insights. So how does it work?

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ThomsonReuters

DECEMBER 13, 2021

Indirect tax professionals play a critical role in the success of a business. As the pace of new tax compliance challenges accelerates , tax teams need constant access to accurate data that keeps up with changing sales tax reporting rules and complies with ever-evolving regulations.

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inDinero Accounting

JANUARY 9, 2023

How to Select the Right Startup Accountant Getting Started with Startup Accounting Oftentimes, accounting for startups is left to whoever is best at managing data in the company – or if no one – one more job for the founder. Accountants’ specialized knowledge can support your startup business in many ways.

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inDinero Accounting

JANUARY 9, 2023

Oftentimes, accounting for startups is left to whoever is best at managing data in the company – or if no one – one more job for the founder. However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. Holding back your growth.

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ThomsonReuters

APRIL 12, 2021

In a new episode of the Tax & Tech Talks podcast series, experts from KPMG and Thomson Reuters discuss how companies are turning to automation and analytics software to stay ahead of changes buffeting indirect tax management. _. Listen to the entire episode.

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ThomsonReuters

MARCH 19, 2024

How can automation help in an audit defense? What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same. How should you prepare for an audit defense? Neither decision is simple.

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Snyder

JUNE 10, 2022

Although many e-commerce businesses will hire an accountant to help them with tasks such as tax filings, having efficient accounting for Shopify software can make a big difference to your finances! In this article, we’ll explain which admin functions you need, as well as how to handle your accounting and analytics.

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ThomsonReuters

AUGUST 25, 2021

Not all companies think about indirect tax automation in the same way, and different companies are at different stages in their technological journey. Watch our free on-demand webinar, Taking tax automation to the next level: Practical tips for automated companies. The 3 levels of indirect tax automation.

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ThomsonReuters

SEPTEMBER 22, 2021

Tax compliance — and the reporting involved in maintaining that compliance — is one of the most stressful tasks a corporate tax team must complete. Tax teams are responsible for making sure the data in every report is complete and accurate — a task that becomes more difficult as the amount of data proliferates.

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ThomsonReuters

MARCH 2, 2021

Business leaders are looking for opportunities in disruptions as they prepare their companies for the future, and tax technology should be a part of their plans. With the right tax data software, your tax department can save money by automating and standardizing processes across the organization and enhancing accuracy and timeliness.

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Ryan Lazanis

APRIL 10, 2022

This guide will cover trends that are happening at this very moment and specific strategies that you can use right now to better prepare you and your firm for the future. So if you’re looking to improve your firm in 2022 and keep yourself on the cutting edge of accounting, you’ll love this new guide.

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